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Tricia Terry
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Marrs & Terry, PLLC
6553 Jackson Road Ann Arbor, MI 48103Â» view map
Bankruptcy & Debt
Personalized, Efficient Counsel

Marrs & Terry, PLLC have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, and family law.

800-862-7221
1. Tricia Terry Ann Arbor, MI
  Attorney at Law- MI, 1999
  Thomas M. Cooley Law School, J.D.
2. AboutExperienced Michigan Lawyer
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Lora Ann Mcparland-savoie

Family Law, Divorce, Criminal, Collection

Status: Licensed: 10 Years

CONTACT

21917 Garrison St, Dearborn, MI 48124

Christopher Raymond Shemke

Elder Law, Insurance, Collection, Personal Injury

Status: Licensed: 15 Years

CONTACT

24400 Ford Rd, Dearborn Heights, MI 48127

Michael Ian Tinney

Criminal, Collection

Status: Licensed: 11 Years

CONTACT

22190 Garrison St, Dearborn, MI 48124

William L. Orlewicz

Federal Appellate Practice, Criminal, Business, Collection

Status: Licensed: 14 Years

CONTACT

1 Parklane Blvd, Dearborn, MI 48126

Kathy Hoffmann Murphy

Federal Appellate Practice, Criminal, Collection, Civil Rights

Status: Licensed: 31 Years

CONTACT

Livonia, MI 48151

Marva De Armas

International Other, Family Law, Criminal, Collection

Status: Licensed: 10 Years

CONTACT

613 Abbott St, Detroit, MI 48226

Edward Amir Bajoka

Traffic, White Collar Crime, Criminal, Collection

Status:

CONTACT

500 Griswold St, Detroit, MI 48226

Erin Renee Van Campen

Other, Federal Appellate Practice, Criminal, Collection

Status: Licensed: 12 Years

CONTACT

500 Griswold St, Detroit, MI 48226

Lawrence Stuart Talon

Criminal, Collection

Status: Licensed: 41 Years

CONTACT

1441 Saint Antoine St, Detroit, MI 48226

Amanda Suzanne Alexander

Criminal, Children's Rights, Collection

Status: Licensed: 11 Years

CONTACT

1420 Washington Blvd, Detroit, MI 48226

800-814-6700

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LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

CCCS

See Consumer Credit Counseling Service.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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Temperance Collection Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Lora Ann Mcparland-savoie

Christopher Raymond Shemke

Michael Ian Tinney

William L. Orlewicz

Kathy Hoffmann Murphy

Marva De Armas

Edward Amir Bajoka

Erin Renee Van Campen

Lawrence Stuart Talon

Amanda Suzanne Alexander

TIPS

LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

PREFERENCE

CHAPTER 13 PLAN

DOING BUSINESS AS (DBA)

CCCS

REDEMPTION

LIMITED PARTNERSHIP

PRIORITY DEBT

SUBROGATION

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